IHRB annual report reveals €350k transfer from charity fund

IHRB CEO Darragh O'Loughlin became aware of the issue last year before a meeting with the Public Accounts Committee.

BOMBSHELL: €350,000 was transferred from the Jockeys Emergency Fund. Picture: David Maher / Sportsfile

In the recently-released Irish Horseracing Regulatory Board’s annual report and accounts for 2022, the nature of the financial matter of ‘grave concern’ which chief executive Darragh O’Loughlin mentioned to the public accounts committee almost a year ago was revealed.

The issue concerns a sum of €350,000, which was transferred from the Jockeys’ Emergency Fund to the board’s bank account in January 2022 but was subsequently repaid.